CoFund has partnered with Tokeny to tokenize a $10 million hotel in Bali on the Polygon network. The partnership will enable CoFund to issue regulatory-compliant ERC-3643 security tokens. Tokeny’s infrastructure provides access to fully auditable and immutable capitalization tables of securitized tokens directly on the blockchain, allowing for real-time distribution and transfer of tokens to investors. The minimum investment to own a piece of the hotel is $1,000.
By utilizing the ERC-3643 token standard, the technology platform ensures that partners can enforce compliance, even in a permissionless blockchain environment. Tokeny had earlier facilitated the launch of a tokenized venture capital fund created by the Spanish business podcast Emprendeduros.
